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Chanate Campus Update

Published:  August 27, 2020

CBRE Inc. and North Bay Property Advisors (NBPA) will jointly represent the County for the sale of the Chanate property. CBRE has a strong track record in similar sales efforts for public agencies with the ability to attract builders, developers and investors.  Together with NBPA’s knowledge of the local market, they will market this unique property regionally, nationally and globally to generate multiple competitive offers.

The property will be sold as is, without entitlements, and the buyer will be required to acknowledge that all development rights are subject to the City of Santa Rosa’s entitlement process.  As before, Parcel J is not part of the sale and the cemetery will be left intact and undeveloped.

With marketing efforts commencing in late August, offers are expected to be received in the next few months. We hope to bring forward a preferred offer for approval by the Board of Supervisors late in fall, with a closing to occur before the end of 2020.  Staff will bring the offers to purchase back to the Board for consideration, further negotiations, and/or approval as appropriate in a subsequent Board Item.

Interested buyers should visit www.chanatecampusinsonomacounty.com

CBRE/North Bay Properties Press Release is here.

 

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Santa Rosa, CA 95403
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